[ad_1]
Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser and head of the country’s largest bank, is expanding his reach in the business world.
Strong Abu Dhabi royal will become chairman The $790 billion sovereign wealth fund ADIA, following last week’s restructuring. Taking on a leadership role at one of the world’s largest wealth funds underscores Sheikh Tahnoon’s status as the region’s most influential dealmaker.
Due to its sheer size, ADIA’s selection can have worldwide ramifications. It is already one of the largest investors in U.S. real estate, with recent deals including stakes in German rail cars, North American energy and Indonesia’s largest internet company.
Sheikh Tahnoon’s promotion comes as the United Arab Emirates, one of the world’s largest oil exporters, seeks to flex its financial muscle. In the latest example, the Royal Group, an investment firm controlled by Sheikh Tahnoon, is among the parties considering a takeover. possible acquisition Silicon Valley Bank UK finally get via HSBC.
Also read: The world’s new bankers aren’t on Wall Street
In addition to ADIA, Sheikh Tahnoon manages ADQ, the country’s largest listed company, a $235 billion international holding company and wealth fund. He was also an important political emissary.
Immunohistochemistry purchase Shortly after the Abu Dhabi royal family met Turkish President Recep Tayyip Erdogan, who owns a 50 percent stake in a Turkish renewable energy company, and offered Gautam a deal after the UAE and India signed a trade deal. · Three companies owned by Adani have invested close to US$2 billion. Meanwhile, ADQ snapped up stakes in major Egyptian companies to help prop up the battered economy.
[ad_2]
Source link